Voluntary announcement in respect of the acquisition of an interest in Pansmart HUGE GROUP LIMITED (Registration number 2006/023587/06) Share code: HUG ISIN: ZAE000102042 (“Huge Group” or “the Company”) VOLUNTARY ANNOUNCEMENT IN RESPECT OF THE ACQUISITION OF AN INTEREST IN PANSMART Overview and rationale The board of directors of Huge Group is pleased to announce that the Company has concluded an agreement (the Agreement) to acquire an interest in Pansmart Proprietary Limited (Pansmart) (the Acquisition) by way of a subscription of shares (Subscription Shares). The Acquisition will provide the Company control over an authorised distributor of Panasonic’s voice, video and CCTV products. Pansmart is a strong challenger in the South African PABX market, having been granted a distribution licence by Panasonic in 2016. Since then, Pansmart has expanded the Panasonic market share significantly, with a full technical and sales competency. The hybrid PABXs that Pansmart distributes include embedded analogue voice ports which provide simple and cost effective PABX and GSM Voice solutions. Pansmart’s Panasonic PABX and Huge Telecom’s GSM-based Full Suite Telephony offering is a powerful connectivity combination. In its second transaction of the year, the Acquisition furthers the delivery of the ‘Growing Huge’ Strategy by expanding Huge Telecom’s real estate of customers and including a new brand offering to Huge Group’s portfolio of products. Following Pansmart’s prior years of successful market expansion, the connection with Huge Group provides additional incentive for Pansmart to accelerate its channel growth by leveraging the synergy between its PABXs and the voice connectivity offering of Huge Telecom. Effective date The Acquisition will take effect on 13 May 2019. Pansmart will retain its present, well-established brand. Going forward, its branding will incorporate its status as a member of Huge Group. Transaction categorisation and confirmation in relation to constitutional documents The Acquisition is classified as an uncategorised transaction in terms of the JSE Listings Requirements. In compliance with the JSE Listings Requirements, Huge Group undertakes to ensure that nothing contained in the constitutional documents of Pansmart will frustrate Huge Group in any way from compliance with its obligations in terms of the JSE Listings Requirements or relieve Huge Group from compliance with the JSE Listings Requirements. Johannesburg 13 May 2019 Sponsor Questco Corporate Advisory (Pty) Ltd Date: 13/05/2019 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.